Normative Analysis Is Very Important to Public Finance Because _____

question 13

Multiple Choice

Normative analysis is very important to public finance because _____.

• A)public policy enacted by government is the result of voting by individuals
• B)positive analysis is full of value judgments
• C)we should be concerned with how the world works
• D)voluntary exchanges are economically efficient

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Definitions:

Feel Sorry

Experiencing regret, guilt, or sadness over an action or situation, often wishing one had acted differently.

Cannon-Bard Theory

A theory of emotion that proposes emotions and physiological responses occur simultaneously, and one does not cause the other.

Schachter and Singer's

Psychologists who proposed the two-factor theory of emotion, suggesting that emotion is based on physiological arousal and cognitive labels.

Plutchik's

Refers to Robert Plutchik's psychoevolutionary theory of emotion, which categorizes emotions into eight primary types forming a wheel.